Saturday, February 29, 2020

Daimler pinches euros to pay for EVs

"This company is going to change fundamentally," says CEO Ola Källenius.



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VW's smaller Atlas to take on the segment big boys

The 2020 Atlas Cross Sport, arriving in dealerships this month, gives VW a two-row crossover to take on segment heavyweights such as the Jeep Grand Cherokee and Ford Edge.



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Friday, February 28, 2020

Coronavirus is a major wake-up call for U.S. auto industry

China offers colossal market opportunities and unmatched industrial scale. But it is not the place to put all of your eggs.



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Safety tension boils over at hearing on Autopilot

In the case of a deadly Tesla crash, lack of cooperation by the automaker and state and federal transportation agencies has brought simmering tensions to the boiling point.



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In era of tight new-car margins, retailers dream up ways to free up cash

New-car margins don't pay the bills anymore. So what is a dealer to do? "Think about everything else ... new, used, F&I, parts and service," says Thomas England of DHG Dealerships.



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Tenneco board changes draw ire of activist investor

The supplier, moving to improve governance and enhance independent oversight of the board, shuffled director duties that could provoke a fight with former Icahn Enterprises executive Dan Ninivaggi, who in January demanded the board make more sweeping changes or risk a proxy battle.



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Kia to recall 193,000 vehicles for potential fuel leak, fire risk

The U.S. recall covers nearly 142,000 Optima sedans from the 2013-14 model years and more than 51,000 Sedona minivans from the 2011-12 model years. The automaker said it's not aware of any fires or injuries due to the defect.


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GM adding 1,200 jobs to raise output of crossovers, Cadillac sedans

The automaker will add shifts in the second quarter at two plants in Lansing, Mich., that build the Chevrolet Traverse, Buick Enclave and Cadillac CT4 and CT5.



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U.S. regulators to rate new auto tech, but Europe leads in safety testing

The acting head of NHTSA said his agency would make changes this year to a testing program that assigns safety grades to new and future vehicles.



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Polestar CEO calls out industry, government, consumers for slow EV pace

Polestar CEO Thomas Ingenlath believes more needs to be done to help accelerate the shift to emissions-free driving. He explained why in an interview with Automotive News Europe.



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Scaled-back Colorado EV bill clears Senate

The measure would allow Rivian and other EV makers to sell directly to consumers in the state, but legislators removed the most controversial provision that would have allowed all automakers to do the same. The state House takes it up next.



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VW proposes 35% dividend increase after profit surges

VW Group said operating profit for 2019 rose 22 percent to 17 billion euros ($18.5 billion), helped by strong sales of higher-margin vehicles including utility vehicles. 



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Hyundai wins $5 million from importer in parts case

The Korean automaker and its American subsidiary prevailed in a federal lawsuit against a Miami company accused of selling knock-off parts in the U.S. under the Hyundai name.



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As Geneva goes dark, automakers improvise to unveil latest models

BMW and Mercedes-Benz will use live-streaming to present the BMW Concept i4 and a revamped Mercedes E-class respectively. Ferrari does not plan to arrange alternative events, and Fiat Chrysler said it had no plan B.



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Axing of Geneva car show forces manufacturers to rethink car launches

BMW and Mercedes-Benz said they would use live-streaming to present the BMW Concept i4 and a revamped Mercedes E-class respectively. Ferrari does not plan to arrange alternative events, and Fiat Chrysler said it had no plan B.



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German prosecutors widen probe into Porsche diesel engineers

The number of suspects in the investigation into diesel engine manipulation rose by four to seven current and former Porsche employees, the Stuttgart prosecutor's office said.



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VW reaches $912 million deal with German consumer group over diesel scandal

The announcement follows an earlier attempt to reach a settlement that failed this month after the automaker objected to fee demands by lawyers representing the consumer groups.



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VW reaches deal with German consumer group over diesel scandal

The announcement follows an earlier attempt to reach a settlement that failed this month after the automaker objected to fee demands by lawyers representing the consumer groups.



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Japan minister flying to Lebanon to make case for Ghosn's return

Japan's deputy justice minister is expected to meet with Lebanese Justice Minister Albert Serhan on Monday. The two countries do not have an extradition treaty.



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Hyundai halts work at Korean plant after worker tests positive for coronavirus

The automaker did not say when production would resume at the factory, which builds the Palisade, Tucson, Santa Fe and Genesis GV80 crossovers. 



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Geneva auto show canceled after Swiss government bans mass events

The Geneva show will not take place this year amid the spread of the coronavirus. The event, which was due to start next week, will not be postponed to a later date, the show's organizers said.



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Thursday, February 27, 2020

FCA to drop shift at Ontario minivan plant

FCA, aligning volume with demand as Dodge Grand Caravan output is discontinued in late May, said the longtime minivan factory will switch to a "traditional two-shift operation" starting June 29, resulting in 1,500 layoffs.



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FCA to drop shift at Ontario minivan plant as Grand Caravan output ends

FCA, aligning volume with demand as Dodge Grand Caravan output is discontinued in late May, said the longtime minivan factory will switch to a "traditional two-shift operation" starting June 29, resulting in 1,500 layoffs.



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Honda CR-V hybrid priced to take on RAV4

When it hits dealer lots beginning March 1, it will be priced competitively — starting at $28,870, including shipping — against one of its top compact crossover rivals.



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China auto sales drop 19% in Jan., worse than forecasts

Reflecting lower showroom traffic because of the Lunar New Year holiday and the emergence of the coronavirus, auto sales in China fell 19 percent in January, more than expected and marking the industry's 19th consecutive monthly decline, the country's biggest auto industry association reported.



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